By almost any measure, Netflix, the Internet television “network” that has changed the nature of the industry, is all the rage.

After announcing blowout first-quarter revenues of nearly $1.57 billion and 4.88 million new subscribers – well above its 4.33 million guidance number – Netflix Inc.’s (Nasdaq: NFLX) stock soared over 25%.

The Netflix story is a work in progress, but I see its most recent results as another chapter on the way to even more profitable opportunities going forward.

Indeed, in a moment you’ll see how we can ring up a 280% profit in the Netflix “after-party.”